trending Market Intelligence /marketintelligence/en/news-insights/trending/KOaEYy5yvIGZM6cy9E1JFQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Daehan Synthetic Fiber Q4 loss narrows YOY

Blog

Understanding the Basics of Social Housing Providers and Associations (SHPAs)

Blog

Tech in Banking: An Age of Digital Disruption

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021


Daehan Synthetic Fiber Q4 loss narrows YOY

Daehan Synthetic Fiber Co. Ltd. said its normalized net income for the fourth quarter was a loss of 2,657.51 South Korean won per share, compared with a loss of 2,729.23 won per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 2.99 billion won, compared with a loss of 3.07 billion won in the prior-year period.

The normalized profit margin declined to negative 10.7% from negative 8.2% in the year-earlier period.

Total revenue declined 25.1% on an annual basis to 27.98 billion won from 37.37 billion won, and total operating expenses fell 23.3% year over year to 32.35 billion won from 42.18 billion won.

Reported net income totaled a loss of 14.93 billion won, or a loss of 13,294.49 won per share, compared to a loss of 5.23 billion won, or a loss of 4,659.88 won per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 6,879.71 won per share, compared with a loss of 13,342.69 won per share in the prior year.

Normalized net income was a loss of 7.73 billion won, compared with a loss of 14.99 billion won in the prior year.

Full-year total revenue fell 5.4% year over year to 135.36 billion won from 143.12 billion won, and total operating expenses decreased 11.5% year over year to 148.20 billion won from 167.43 billion won.

The company said reported net income totaled a loss of 15.62 billion won, or a loss of 13,909.13 won per share, in the full year, compared with a loss of 14.62 billion won, or a loss of 13,015.00 won per share, the prior year.

As of Feb. 29, US$1 was equivalent to 1,241.88 South Korean won.